Income inequality in South America and the role of trade liberalization between 1990 and 2017
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Data de Publicação: | 2023 |
Outros Autores: | |
Tipo de documento: | Artigo |
Idioma: | por |
Título da fonte: | Economia Ensaios |
Texto Completo: | https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/58878 |
Resumo: | Considering the growing concern about the increase in income inequality, this work has the general objective of analyzing the role of trade openness on income inequality in South American countries between 1990 and 2017, admitting the hypotheses that the growth of trade and financial liberalization would be related to an increase in income inequality. A dynamic panel data model of eleven South American countries was applied, with estimates analyzed by the System-GMM method. The main results indicate that greater trade openness is related to increased income inequality, while financial liberalization may be linked to its decrease. In conclusion, it is assumed that despite the importance of commercial globalization for countries, one must consider the unequal impacts of exchange policies on local economies. Accordingly, the design of these policies must adjust to the singularities of the countries, pondering the need to reduce income disparities and combat extreme poverty. |
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Income inequality in South America and the role of trade liberalization between 1990 and 2017Desigualdade de renda na América do Sul e o papel da liberalização comercial entre 1990 e 2017América do SulLiberalização comercialDesigualdade de rendaSouth AmericaTrade liberalizationIncome inequalityConsidering the growing concern about the increase in income inequality, this work has the general objective of analyzing the role of trade openness on income inequality in South American countries between 1990 and 2017, admitting the hypotheses that the growth of trade and financial liberalization would be related to an increase in income inequality. A dynamic panel data model of eleven South American countries was applied, with estimates analyzed by the System-GMM method. The main results indicate that greater trade openness is related to increased income inequality, while financial liberalization may be linked to its decrease. In conclusion, it is assumed that despite the importance of commercial globalization for countries, one must consider the unequal impacts of exchange policies on local economies. Accordingly, the design of these policies must adjust to the singularities of the countries, pondering the need to reduce income disparities and combat extreme poverty.Considerando a crescente preocupação a respeito do aumento da desigualdade de renda, este trabalho tem como objetivo geral analisar o papel da liberação comercial sobre a desigualdade de renda nos países da América do Sul no período de 1990 até 2017, admitindo as hipóteses de que o crescimento da globalização comercial e financeira estariam relacionadas com um aumento na desigualdade de renda. Foi aplicado um modelo dinâmico de dados em painel de onze dos países da América do Sul, com estimativas analisadas pelo método System-GMM e os resultados das estimações indicam que uma maior abertura comercial está relacionada com o aumento da desigualdade de renda, enquanto a liberalização financeira pode estar ligada à uma diminuição desta. À guisa de conclusão, pondera-se que a despeito da importância da globalização comercial para os países, deve-se considerar os impactos desiguais das políticas de trocas nas economias locais.EDUFU2023-04-26info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionapplication/pdfhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/5887810.14393/REE-v38n1a2023-58878Revista Economia Ensaios; Vol. 38 No. 1 (2023)Revista Economia Ensaios; v. 38 n. 1 (2023)1983-19940102-2482reponame:Economia Ensaiosinstname:Universidade Federal de Uberlândia (UFU)instacron:UFUporhttps://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/58878/35988Copyright (c) 2023 Revista Economia Ensaiosinfo:eu-repo/semantics/openAccessBezerra Ferreira, Laura DayaneFerreira, Monaliza de Oliveira2023-04-26T16:18:33Zoai:ojs.www.seer.ufu.br:article/58878Revistahttps://seer.ufu.br/index.php/revistaeconomiaensaiosPUBhttps://seer.ufu.br/index.php/revistaeconomiaensaios/oai||ecoensaios@ufu.br|| ecoensaios@ufu.br1983-19940102-2482opendoar:2023-04-26T16:18:33Economia Ensaios - Universidade Federal de Uberlândia (UFU)false |
dc.title.none.fl_str_mv |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 Desigualdade de renda na América do Sul e o papel da liberalização comercial entre 1990 e 2017 |
title |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
spellingShingle |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 Bezerra Ferreira, Laura Dayane América do Sul Liberalização comercial Desigualdade de renda South America Trade liberalization Income inequality |
title_short |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
title_full |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
title_fullStr |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
title_full_unstemmed |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
title_sort |
Income inequality in South America and the role of trade liberalization between 1990 and 2017 |
author |
Bezerra Ferreira, Laura Dayane |
author_facet |
Bezerra Ferreira, Laura Dayane Ferreira, Monaliza de Oliveira |
author_role |
author |
author2 |
Ferreira, Monaliza de Oliveira |
author2_role |
author |
dc.contributor.author.fl_str_mv |
Bezerra Ferreira, Laura Dayane Ferreira, Monaliza de Oliveira |
dc.subject.por.fl_str_mv |
América do Sul Liberalização comercial Desigualdade de renda South America Trade liberalization Income inequality |
topic |
América do Sul Liberalização comercial Desigualdade de renda South America Trade liberalization Income inequality |
description |
Considering the growing concern about the increase in income inequality, this work has the general objective of analyzing the role of trade openness on income inequality in South American countries between 1990 and 2017, admitting the hypotheses that the growth of trade and financial liberalization would be related to an increase in income inequality. A dynamic panel data model of eleven South American countries was applied, with estimates analyzed by the System-GMM method. The main results indicate that greater trade openness is related to increased income inequality, while financial liberalization may be linked to its decrease. In conclusion, it is assumed that despite the importance of commercial globalization for countries, one must consider the unequal impacts of exchange policies on local economies. Accordingly, the design of these policies must adjust to the singularities of the countries, pondering the need to reduce income disparities and combat extreme poverty. |
publishDate |
2023 |
dc.date.none.fl_str_mv |
2023-04-26 |
dc.type.driver.fl_str_mv |
info:eu-repo/semantics/article info:eu-repo/semantics/publishedVersion |
format |
article |
status_str |
publishedVersion |
dc.identifier.uri.fl_str_mv |
https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/58878 10.14393/REE-v38n1a2023-58878 |
url |
https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/58878 |
identifier_str_mv |
10.14393/REE-v38n1a2023-58878 |
dc.language.iso.fl_str_mv |
por |
language |
por |
dc.relation.none.fl_str_mv |
https://seer.ufu.br/index.php/revistaeconomiaensaios/article/view/58878/35988 |
dc.rights.driver.fl_str_mv |
Copyright (c) 2023 Revista Economia Ensaios info:eu-repo/semantics/openAccess |
rights_invalid_str_mv |
Copyright (c) 2023 Revista Economia Ensaios |
eu_rights_str_mv |
openAccess |
dc.format.none.fl_str_mv |
application/pdf |
dc.publisher.none.fl_str_mv |
EDUFU |
publisher.none.fl_str_mv |
EDUFU |
dc.source.none.fl_str_mv |
Revista Economia Ensaios; Vol. 38 No. 1 (2023) Revista Economia Ensaios; v. 38 n. 1 (2023) 1983-1994 0102-2482 reponame:Economia Ensaios instname:Universidade Federal de Uberlândia (UFU) instacron:UFU |
instname_str |
Universidade Federal de Uberlândia (UFU) |
instacron_str |
UFU |
institution |
UFU |
reponame_str |
Economia Ensaios |
collection |
Economia Ensaios |
repository.name.fl_str_mv |
Economia Ensaios - Universidade Federal de Uberlândia (UFU) |
repository.mail.fl_str_mv |
||ecoensaios@ufu.br|| ecoensaios@ufu.br |
_version_ |
1799944251563311104 |